private banks – DIGIT INFO

Central Bank of Argentina Bans Private Banks From Offering Cryptocurrency Services

DIGIT — Sat, 07 May 2022 16:19:49 +0000

The Central Bank of Argentina has taken steps to ban private banks from offering cryptocurrency services to customers in the country. The action comes after two banks had started offering cryptocurrency purchasing services from their apps. The measure is said to be directed at mitigating risks associated with cryptocurrency assets. Central Bank of Argentina Closes […]

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Private Banks Propose to Help Design Digital Currency in Mexico

DIGIT — Sun, 27 Feb 2022 12:00:55 +0000

Private banks in Mexico want to join efforts with the central bank of the country in the creation of a new digital currency. The president of the Mexican Bank Association (ABM) met with the governor of the Bank of Mexico to offer the help of the group of private banks for the creation of a […]

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Evidence Shows Politicians and Wall Street CEOs Expected the Market Crash Well Before Covid-19

DIGIT — Sat, 04 Apr 2020 17:50:15 +0000

The coronavirus outbreak has sent shockwaves through the world’s economy and this has caused politicians and central bankers to react in various ways. However, global market leaders, Wall Street CEOs and hedge fund managers had one of the best years in more than a decade since the 2008 financial crisis. In fact, evidence shows that […]

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‘Central Banking Is Socialism for the 1%’ – Report Cites Wealth Inequality Driven by Stimulus

DIGIT — Tue, 18 Feb 2020 21:10:08 +0000

For a while now, central banks like the Federal Reserve have been participating in quantitative easing (QE) practices, despite the fact they don’t like to call it QE. Following the massive dollar injections, a recent report from the wealth insights provider Wealth-x details the number of wealthy people in the world spiked in 2019. The […]

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The Fed’s Money Creation System Is Fueling One of the Biggest Heists in History

DIGIT — Wed, 04 Dec 2019 22:30:36 +0000

Since mid-September, the Federal Reserve has injected three trillion U.S. dollars into the hands of private banks and Wall Street. Despite the fact that massive amounts of money was created out of thin air, the central bank still believes repurchase agreements (repos) are needed to tame the turbulent economy. Nearly every day the Federal Reserve […]

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Bank of Japan Turns Back on State-Issued Cryptocurrency

DIGIT — Wed, 18 Apr 2018 18:22:14 +0000

The Bank of Japan has become the latest government financial institution to recognize the risks of state-issued cryptocurrencies. According to its Deputy Governor Masayoshi Amamiya, a national digital coin may jeopardize the traditional financial system established in developed countries. The Japanese central bank has no plans to issue its own crypto, he said. Also read: […]

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